Cove Street Capital LLC grew its position in MAM Software Group (NASDAQ:MAMS) by 19.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 746,359 shares of the technology company’s stock after buying an additional 119,573 shares during the quarter. Cove Street Capital LLC owned approximately 5.93% of MAM Software Group worth $5,845,000 at the end of the most recent quarter.

MAMS stock opened at $8.47 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.39. The company has a market cap of $104.40 million, a P/E ratio of 22.29 and a beta of -0.12. MAM Software Group has a 52 week low of $6.11 and a 52 week high of $9.42.

MAM Software Group (NASDAQ:MAMS) last posted its quarterly earnings results on Thursday, May 10th. The technology company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. The business had revenue of $9.11 million during the quarter, compared to analysts’ expectations of $8.95 million. MAM Software Group had a net margin of 13.58% and a return on equity of 39.31%. analysts anticipate that MAM Software Group will post 0.33 earnings per share for the current year.

Several research analysts have commented on MAMS shares. B. Riley raised their target price on shares of MAM Software Group from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Monday, February 12th. Zacks Investment Research cut shares of MAM Software Group from a “buy” rating to a “hold” rating in a report on Tuesday, April 17th. Finally, ValuEngine upgraded shares of MAM Software Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd.

In related news, major shareholder Wynnefield Partners Small Cap sold 74,024 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $6.15, for a total transaction of $455,247.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight Mamanteo sold 80,224 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $7.60, for a total transaction of $609,702.40. Following the sale, the director now owns 210,379 shares of the company’s stock, valued at $1,598,880.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 536,395 shares of company stock valued at $4,069,819. 32.46% of the stock is currently owned by corporate insiders.

MAM Software Group Profile

MAM Software Group, Inc, through its subsidiaries, provides software, information, and e-commerce and related services to businesses engaged in the automotive aftermarket in the United States, Canada, the United Kingdom, and Ireland. It provides business management systems, including its proprietary software applications, implementation and training, and third-party hardware and peripherals; information products, such as an accessible catalog database related to parts, tires, labor estimates, scheduled maintenance, repair information, technical service bulletins, pricing, and product features and benefits; e-commerce and online services and products that connect manufacturers, warehouse distributors, retailers, and automotive service providers through the Internet; and customer support and consulting services comprising phone and online support, and implementation and training services.

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